Markntel Advisors’ report, Brazil P2P (Peer to Peer) Payments Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2026, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Brazil P2P (Peer to Peer) Payments presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Brazil P2P (Peer to Peer) Payments Market Research Report & Market Summary:

The Brazil P2P (Peer to Peer) Payments Market is projected to grow at a CAGR of around 15.1 % during 2021-26. The growth of the market is likely to be driven mainly by the surging acceptance of debit & credit cards among small merchants, the rising popularity of online banking, and the burgeoning emergence of digital banks. The market would expand strongly across categories led by mobile commerce, P2P transfer, & bill payments.

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Brazil P2P (Peer to Peer) Payments Market Dynamics:

Key Driver-

 Several Government Initiatives for Promoting Contactless Payments - Payments made through digital or contactless mediums essentially contribute to a country's economic development. It helps boost productivity, increases tax revenue, improves transparency, provides new opportunities for end-users, and expands financial inclusions. Recently Brazil has witnessed numerous initiatives implemented by the government to facilitate digital payments. For instance: "The launch of 'PIX' by the Brazil Central Bank to speed up & simplify transactions."

Furthermore, these initiatives facilitate digitalization & raise awareness about the advantages of using new technologies, such as peer-to-peer (P2P) payments. In the context of the pandemic and to undertake enhanced measures of safe distancing, the Brazilian government has encouraged individuals & businesses to use digital financial services & e-payments and minimize physical visits to premises or outlets.

Brazil P2P (Peer to Peer) Payments Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Transaction Mode

• Short Message Service (SMS)
• Mobile Apps
• Smartcard/NFC (Near field communication)

Of these three, Smartcard/NFC transactions dominated the P2P (Peer to Peer) Payment Market in Brazil with the largest share, and the same is expected over the forecast years. It owes to an increasing issuance of chip cards by banks, along with the presence of numerous mobile app-based debit card payment methods like Google Pay, Samsung Pay, etc., which have created a demand for NFC/SmartCards. Moreover, Brazil registered a growth of 18-20% in credit & debit card transactions during 2021, reaching USD442.90 billion.

By Location

• Remote Payment
• Proximity Payment

Here, Remote Payment acquired a considerable share in the Brazil P2P Payments Market, primarily due to advancements in instant payment platforms & various government initiatives for promoting contactless payments and encouraging consumers to opt for easier & safer payment modes. 

By Type of Purchase

• Airtime Transfer & Top-Ups
• Money Transfers & Payments
• Merchandise & Coupons
• Travel & Ticketing

Of all purchase types, Money Transfers & Payments captured the majority chunk of the market during 2016-19 and are projected to grow at the highest rate in the coming years. With the launch of various instant payment solutions & the increasing credit & debit card payments, money transfers & payments through mobile apps, SMSs, & smartcards have grown significantly. 

By Application

• Retail Payments
• Travels and Hospitality Payments
• Transportation and Logistics Payments
• Others

By Region

• North
• Northeast
• South
• Southeast
• Central west.

As indicated in the latest market research report published by Markntel Advisors, “Brazil P2P (Peer to Peer) Payments Research Report: Forecast (2021-2026)”, this report offers a detailed analysis of the industry, featuring insights into the Brazil P2P (Peer to Peer) Payments industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/brazil-p2p-payments-market.html

Top Companies Operating in the Brazil P2P (Peer to Peer) Payments Market:

• Boleto Bancario
• Boleto Flash
• PragBrasil PIX
• PEC Flash
• Samsung Pay
• Google Pay
• WhatsApp Pay.

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Key Report Highlights:

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

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